Ethereum releases plan to address scaling issues amid high gas prices

The official team of Ethereum has released the newest plan to address all scaling issues in the short-term. According to the report, the intention of eth2 is to offer scalability, but base-layer scalability for applications is only coming as the last phase of the update. Vitalik Buterin, co-founder of Ethereum, said: Base-layer scalability for applications […]

Coinbase offers ‘instant’ withdrawals on US, UK and European platforms

Cryptocurrency exchange, Coinbase announced in a blog today that it now offers “instant” withdrawals feature to its customers in nearly 40 countries including the US, UK, and more across Europe. While some users welcomed the move other coinbase traders complained about the platform’s high transaction fees. In fact, in the U.S., Coinbase deducts 1.5% from […]

B.C. crypto exchange volunteers to be regulated, setting precedent

Vancouver-based Netcoins aims to give consumers the option of dealing with a brokerage that is licensed and regulated by the B.C. Securities Commission Cryptocurrency’s days as a haven for scoundrels may be numbered. This week the parent company of Vancouver-based online exchange Netcoins, BIGG Digital Assets, applied for registration from the B.C. Securities Commission—an invitation for […]

Zimbabwe’s Stock Exchange Open to Crypto Listing Subject to ‘Regulatory Approval’

Zimbabwe Stock Exchange (ZSE) CEO Justin Bgoni says its recently licensed subsidiary, the Victoria Falls Stock Exchange is open to listing bitcoin and other cryptocurrencies. However, according to local media reports, any such listings are still dependent on the digital asset issuers getting “regulatory approval.” The report does not provide any details of requirements that […]

Vitalik Buterin Urges More People to Support Ethereum for Payments – Here’s Why

Ethereum’s co-founder Vitalik Buterin has recently remarked that Ethereum offers many benefits, and urged more people to support ETH for payments. “More people should support Ethereum for payments. The nice thing about supporting Ethereum is that you’re just not accepting ETH, you also get support for MK, UNI, WBTC and every stable coin for free.  […]

What Is Uniswap? Introduction to UNI Token

Uniswap is a decentralized exchange that allows users to fund liquidity pools and earn revenue. Uniswap is a decentralized exchange (DEX). It allows users to swap various Ethereum-based ERC-20 tokens from a simple web interface, as shown in the image below. Source: Uniswap Uniswap is currently the most popular DEX. It has $2.1 billion secured […]

How to analyze crypto tokens properly before investing

The only way you can protect yourself and analyze crypto tokens properly is by exercising caution to the best of your ability. If you ask people what they know about cryptocurrency, chances are you’ll hear the words Bitcoin (BTC) or blockchain — or even both. However, what many individuals aren’t aware of is that over […]

Will Blockchain DeFi Go Mainstream?

Adoption of permissioned blockchain is growing slowly albeit steadily in enterprises around the globe. Production use cases are increasing, as upcoming Gartner research will show, but the big bang of blockchain has yet to materialize. Value propositions still mainly revolve around process improvement rather than true business transformation. Enter the DeFi Explosion DeFi applications, which […]

460k Ethereum options expire: how will it affect the price?

This week saw increased volatility in the crypto market, not only due to the expiry of Bitcoin contracts but also because of the expiry of Ethereum contracts. Nearly 460,000 ETH options are set to expire on Friday that made up for almost $450 million in open interest. Source: Skew This will be the largest expiration […]

Bloomberg suggests that Bitcoin should be $15,000 according to this adoption metric

Their belief seems to be that Bitcoin is destined to appreciate unless these key indicators reverse themselves. According to the Bloomberg crypto newsletter, a key on-chain indicator suggests that Bitcoin (BTC) is currently greatly undervalued.  Bitcoin active addresses, the 30-day average. Source: Glassnode. Bloomberg’s crypto analyst Mike McGlone believes that the recent all-time highs in […]

USDC is Bitcoin’s first stablecoin

USDC is the first stablecoin on the Bitcoin blockchain thanks to the RelayX and Run partnership! The launch of USDC (RUN-SV) is a major milestone as the first open, publicly available token on Bitcoin SV. Widely thought by the general crypto community as an impossibility, we believe this is the start of a token and […]

Number of Bitcoin Addresses Depositing BTC to Exchanges Has Doubled

The number of Bitcoin addresses depositing BTC to crypto exchanges has doubled since the beginning of 2020. This is according to the team at Glassnode who also added that approximately 100,000 unique Bitcoin addresses send BTC to crypto exchanges on a daily basis. Furthermore, the last time such an influx of BTC to exchanges was […]

People’s Bank of China: issuing CBDC is a new global ‘battlefield’

An article published in China Finance, a magazine run by the People’s Bank of China (PBOC), stated that China had to become the first nation to issue its digital yuan to “reduce its dependence on the US dollar”, according to a report published today. China Finance also sees issuing a digital currency as a “new […]

DeFi plummets: 3 reasons for the 46% correction from YFI, UNI, DEX tokens

After outperforming Bitcoin (BTC) and Ether (ETH) strongly in August, Decentralized Finance (DeFi) tokens are now plummeting as many registered losses of up to 50%. Cryptocurrency daily market performance snapshot. Source: Coin360 At the moment, the two coins garnering the most attention are (YFI) and Uniswap (UNI) as both have dropped by 46% and […]

How ‘Whales’ influence the price of Bitcoin

The term ‘whale’ refers to an investor with deep pockets who can move the market by buying or selling in large volumes. Given the relatively modest market caps of crypto assets compared to other sectors, the movements of crypto whales can provide important price signals to alert investors The term ‘Whale’ comes from the traditional financial […]

Banks can legally deal with cryptocurrency stablecoins under new government ruling

The U.S. Office of the Comptroller of the Currency has issued its first official guidance on stablecoins – cryptocurrency that is valued and linked to traditional currency holdings. The guidance is potentially game-changing given that it confirms that U.S. banks can provide services to stablecoin issuers in the U.S. Banks are already providing services to stablecoin […]

EU to Launch Comprehensive Crypto Regulation by 2024: Report

The European Union is planning to implement comprehensive cryptocurrency regulation by 2024, two EU reports have reportedly revealed. This follows five European finance ministers calling on the European Commission to put in place “very strong and very clear rules” on cryptocurrency. EU Crypto Regulation Coming Soon A comprehensive cryptocurrency regulatory framework is expected to be […]

Crypto Venture Capital Firm Blockchain Capital Becomes A Member Of Facebook’s Libra Association

Facebook-led Libra Association has added venture capital firm Blockchain Capital to its ranks. Facebook-led Libra Association has added venture capital firm Blockchain Capital to its ranks. In a blog post on September 18, the Geneva-based consortium revealed that Blockchain Capital will be using blockchain technology to create a “more equitable payment system” with the association. […]

China’s digital currency ‘must be first in world’

Central bank says new version of yuan will reduce country’s dependence on global dollar payment system China is introducing a digital version of its yuan currency. China needs to become the first country to issue a digital currency so it can reduce its dependence on the global dollar payment system, the People’s Bank of China […]

The US is number one…in blockchain patents

But the company with the most patents isn’t even American. Despite Chinese firm Alibaba filing the most patents so far this year, the United States still takes the lead as the country with the most blockchain patents, a Sept. 17 report from intellectual property consultancy KISSPatent said. IBM and Alibaba hold the most blockchain patents. […]

Everything You Need to Know About the Yearn Finance Projects

Are you confused of all the YFI-like projects on the market? Here’s everything you need to know about the most popular ones. Have you heard about Yearn Finance’s YFI token? It acts as a governance token for its decentralized finance platform. It broke Bitcoin’s record of the all-time high in terms of USD prices. The […]

Ethereum’s daily transactions break 2018 record

The DeFi boom brought all attention of the crypto industry to Ethereum’s blockchain, as investors rushed to find the newest and most popular projects to invest in. The interest has skyrocketed so much that Ethereum’s blockchain just recorded a new ATH in terms of daily transactions. According to data from the major Ethereum browser, Etherscan, […]

Over 15% of Ethereum (ETH) is Locked In Smart Contracts

Over 15% of the Ethereum (ETH) total supply is locked in smart contracts. This is according to the team at Unfolded who highlighted this fact via the following tweet. Over 15% of ETH is locked in smart contracts | @glassnode — Unfolded (@cryptounfolded) September 17, 2020 Total Value Locked in DeFi About to Hit […]

The emergence of cryptocurrency hedge funds

Although the nascent crypto hedge fund industry still has lots of developing to do, it will undoubtedly be the future of finance. I started exploring Bitcoin first in 2012 and, still today, I am fascinated by the opportunities and future potential digital assets pose as an emerging alternative asset class. One of the most relevant […]

Realized Correlation Between Bitcoin and Gold Reach 1-Year High, Showing Optimism

The realized correlation between Bitcoin and gold reached a one-year high, which might suggest investors perceive BTC as a store of value According to the data from Skew, the realized correlation between Bitcoin and gold reached a one-year high. Throughout March to July, Bitcoin saw a closer correlation with the S&P 500 and the U.S. […]

How China’s digital currency could impact the country’s fintech start-ups

Beijing’s push for a sovereign digital currency was originally driven by the rapid digitisation of the economy and the rise of cryptocurrencies. The digital payments market in China helped revolutionise the global e-payments industry, with China playing a significant role in the initial adoption and implementation of e-payments as a whole. The presence of Chinese-based […]

Is Bitcoin really on Ethereum ? Will either proponents softfork BTC to ETH?

Bitcoin and Ethereum have long been the two most-popular cryptocurrencies in the market. While Bitcoin has remained top of the charts, for most of the time, Ethereum has been the cryptocurrency following it. This, despite the fact that a number of altcoins have taken a jab at ETH’s position over the years. Spoiler – None […]

What Is DeFi?

DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries. DeFi draws inspiration from blockchain, the technology behind the digital currency bitcoin, which allows several entities to hold a copy of a history of transactions, meaning it isn’t controlled by a […]

Kraken is granted approval to become America’s first crypto-bank

This week marks a huge milestone for the cryptocurrency sector and its supporters: the crypto exchange company, Kraken, is officially the first digital asset company in America to receive federal and state bank charters. That enables it to form the world’s first “Special Purpose Depository Institution” (SPDI) for its clients. While Kraken Financial will first […]

XMR workgroup says IRS should study Monero — not try to break it

Dollars are used for nefarious activities too. The United States Internal Revenue Service has better ways to spend taxpayer dollars than offering bounties to break Monero’s (XMR) privacy, a Monero working group says. After the IRS announced it is offering up to $625,000 to anyone who can break Monero, a major Monero-focused workgroup expressed their […]

East Asia Dominates World’s Onchain Crypto Activity, Europe and North America Trail Behind

Crypto activity continues to flourish worldwide, according to a new cryptocurrency adoption index published by the blockchain intelligence firm Chainalysis. The researchers compile onchain digital currency retail value transferred, onchain crypto deposits, peer-to-peer exchange volume, and other types of methodology. Chainalysis recently published a new report called the “2020 Geography of Crypto,” a study that […]

Ethereum Could See Major Weakness if Bulls are Unable to Defend Key Level

Ethereum has seen some immense strength over the past few days, with bulls pushing it as high as $395 before it faced some intense selling pressure that slowed its ascent The cryptocurrency has been unable to garner any significant buying pressure above $390, likely due to Bitcoin’s position beneath its $11,000 resistance Once the benchmark […]

Bahamas to launch Sand Dollar digital currency in October

The small island nation of the Bahamas is set to edge out global powers such as China and Sweden and become the first country to roll out a nationwide central bank digital currency. Following several months of pilot testing, the Bahamian Sand Dollar is set to be rolled out in October. The small island nation […]

EU to introduce crypto-assets regime by 2024

The European Union will introduce new rules within four years to make cross-border payments quicker and cheaper through the use of blockchain and crypto assets like stablecoins, two EU documents showed, Reuters reports. The European Commission is due to set out its strategy for encouraging greater use of digital finance at a time when 78% […]

Ethereum under pressure from DeFI; Can Bitcoin capitalize?

2020 saw Ethereum [ETH] briefly take over Bitcoin’s lead in the market. However, this growth was the result of the boom witnessed by the decentralized finance [DeFi] ecosystem. According to data provided by Skew, the price volatility of Ethereum and Bitcoin are converging. The converging spread of the Ether-Bitcoin 6-month at-the-money [ATM] Implied Volatility had […]

Are Bitcoin HODLers panicking yet?

After noting a 24-hour rise of 54.27%, Bitcoin held on exchanges climbed to 28.54k. In fact, this was the biggest one-day increase in nearly two months. This BTC is held on exchanges for the purpose of trading and an increase in this number is an indicator that HODLers are selling slowly. While there are other […]

Ripple Joins Google, The Rockefeller Foundation at Mojaloop’s Top Drawer

Blockchain giant Ripple network has made another stride to strengthen further its relationship with Bill & Melinda Gates Foundation as the Blockchain Company now features among the sponsors of the Mojaloop Foundation, a charitable nonprofit organization dedicated to promoting financial inclusion by offering organizations the ability to create an interoperable payment. Ripple, alongside PhonePe, a […]

Huawei Cloud’s blockchain service just got its first major update in two years

They’re entering the enterprise blockchain arena as part of a push towards empowering commercial applications. Huawei announced an update for it’s blockchain-based cloud service, known as Blockchain Service 2.0, or BCS 2.0, during a recent industry summit. It appears that the platform’s upcoming enhancement will serve as its first major update since 2018.  According to […]

Uniswap’s Distribution Is Built on Something That Can’t Be Forked: Actual Users

“I think that Uniswap is one of the premier DeFi [decentralized finance] protocols, and its token is as well,” Sam Bankman-Fried, CEO at Alameda Research, told CoinDesk via email. “It has been the largest decentralized trading venue for a long time.” The praise is noteworthy as Bankman-Fried is credited with saving SushiSwap, Uniswap’s chief competitor. […]

Binance targets more European users with its 7% cashback Visa Card launch

The Binance Visa Card is now available across the entire European Economic Area (EEA), as per Binance’s statement shared a few hours ago. The card is directly linked to users’ Binance accounts and it comes on different levels. According to Binance, users can use the card to spend digital assets in their Binance accounts to […]

Facebook’s Libra will be restricted, not banned, under new EU plans

Virtual currencies and other innovative payment methods could ultimately get a boost from EU regulators, despite spiky rhetoric directed toward the Facebook-backed Libra project. Finance ministers on Friday made eye-catching statements about banning the proposed new virtual asset from Europe altogether. But more privately, officials talk of regulations enabling, not banishing, financial technology innovations — […]

First Official Ethereum 2.0 Proposal For Phase 0 Launch Just Submitted

While droves of ‘degenerate’ farmers have been scrambling for DeFi yields, progress on the long-awaited Ethereum 2.0 upgrade and Phase 0 testing has taken a back seat. That is until today when the lead developer has submitted the first official proposal for the Phase 0 stage of the migration to Ethereum 2.0. Phase 0 EIP […]

Global Digital Industry Group Launches Mining Business Bitworld

The UAE cryptocurrency giant, Global Digital Industry Group (GDIG), has established its mining subsidiary Bitworld and will invest $50 million in the company by 2021 as it works to build the company’s presence in the Middle East bitcoin and Ethereum mining industry. GDIG has appointed its mining head, Planck Danny as the CEO of Bitworld. […]

Airtel, Google to Enhance Internet Experience

Airtel Nigeria has announced a partnership with Google to unveil Mobile Data Platform (MDP), a new feature that enhances and digitalises the journey of customers’ data purchase, utilisation and management in Nigeria. According to both organisations, the newly introduced MDP, which is only available to Android Operating System (OS) users, offers a personalised experience and […]

Tether Can Freeze and Destroy Your USDT

Tether can reverse transactions, freeze accounts, and destroy USDT tokens with impunity. Tether Reverses Swerve Transaction On Sept. 7, a user of the DeFi platform Swerve sent $1 million worth of USDT to the application erroneously and lost access to that money. The news eventually reached Tether CTO Paolo Ardoino, who offered to recover the […]

Programmable money: How crypto tokens could change our entire experience of value transfer

Programmable money (PM) is in the air. It may be the next stage in the evolution of money. And it could be as disruptive as any financial technology in development today. Yes, China is close to launching the first central bank digital currency (CBDC) at scale — perhaps within the next 12 months — but […]

Diginex is going public on Nasdaq

The Diginex acquisition of 8i Enterprise Acquisition Group has been voted on and given the green light by 8i Enterprise Acquisition Group shareholders. During the shareholder vote on September 15th, over 80% of shareholders voted in favor of the acquisition. As a result, Diginex will become a publicly-traded company on the Nasdaq stock exchange later […]

For the First Time, a Cryptocurrency Exchange Is Becoming a US Bank

Making Bank The Wyoming Banking Board just voted to approve Kraken, a San Francisco-based cryptocurrency exchange, as a special purpose depository institution (SPDI). In other words, it’s the first crypto exchange in the country poised to become a bank, as CoinDesk reports. “By becoming a bank we get direct access to federal payments infrastructure, and […]

Are Bitcoin users finding more use in its tokenized form?

Bitcoin has been one cryptocurrency that has been constantly in demand. Recently, Bakkt Bitcoin futures marked an all-time high in the physically settled Bitcoins, while the tokenized version of Bitcoin has been peaking in decentralized finance [DeFi]. Even though the spot market may appear dull at the moment, major activities were going on in the […]

ETH 2.0 Coordinator Announces New Testnet Called “Spadina”

The Ethereum Foundation unveils a mainnet configuration testnet called “Spadina” The testnet — which is described as the “dress rehearsal” before the launch of the mainnet — will run in parallel to Medalla during its three-day lifespan. A dress rehearsal Named after one of the most famous streets of Toronto, the Spadina testnet will offer […]

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